please explain me, if I pay salary advance 3000 to satish
then how to record entry, for payment, journal, adjustment
if salary is 1500/month
please send me correct entry shortly
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Answer Posted / dareal michael
Dr. Sathish (Employee)A/c 3000
Cr. Bank A/c 3000
on the salary date you can deduct the advance paid
Dr. Salary A/c 1500 (or the agreed deduction)
Cr. Sathish (Employee)A/c 1500
The balance 1500 will be carried forward for next pay day
| Is This Answer Correct ? | 8 Yes | 2 No |
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